McD posts second-ever quarterly loss on one-time charges

OAK BROOK Ill. As expected from its pre-release last week, McDonald’s Corp. posted its second-ever quarterly net loss on Tuesday, the result of a one-time charge of $1.6 billion for the sale of 1,600 restaurants and development licenses in Latin America and the Caribbean. That divesture, announced in April, was considered by many analysts to be a positive step for the largest burger chain, as it would move the risk and expense of operating and developing restaurants from the Oak ...

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